The industrial screen printing market involves printing of logos, designs and images on surfaces and substrates like fabric, paper, plastic etc. using screens to block out and transfer ink. Screen printing is a versatile, economical and popular printing technique used across industries for product labeling, coding, security printing and surface decoration on products like apparel, signage, construction materials and consumer goods packaging. The screen printing process allows for multicolor and high-resolution prints. It provides advantages like mass production capabilities, durability of prints and capacity to print on irregular surfaces.
The Global Industrial Screen Printing Market is estimated to be valued at US$ 99.7 Bn in 2024 and is expected to exhibit a CAGR of 9.1% over the forecast period 2024 to 2031.
Growing demand for customized and personalized products across industries is a major factor driving growth in the industrial screen printing market.
Key Takeaways
Key players operating in the Industrial Screen Printing market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG. These players are focusing on new product launches and partnerships to strengthen their market position.
The Global Industrial Screen Printing Market Demand for industrial screen printing is growing due to increasing demand for short-run production, versioning, personalization and customized products from industries like construction, automotive, consumer goods and leisure sportswear. Screen printing allows for mass customization in an economical way to meet dynamic consumer preferences.
The industrial screen printing market is witnessing significant expansion in emerging economies of Asia Pacific and Latin America due to growing industrial and manufacturing sectors. Countries like China, India, Brazil and Mexico are key production and export hubs offering immense opportunities for market players.
Market Key Trends
The adoption of digital screen printing techniques is one of the major trends in the market. It improves print quality, reduces errors and wastage and simplifies the process of designing and modifying prints. Advanced digital screens offer versatile, economical and eco-friendly solution for industrial printing needs. Integration of automation, robotics and IoT solutions is another trend gaining prominence to improve productivity and meet growing demand from customers.
Porter’s Analysis
Threat of new entrants: High capital requirements for machinery and strict government regulations make it difficult for new players to enter the market.
Bargaining power of buyers: Large buyers can negotiate lower prices however the diversified needs of industrial applications limits influence.
Bargaining power of suppliers: The availability of alternative ink and screen suppliers keeps supplier power in check.
Threat of new substitutes: Technologies like pad printing and inkjet printing pose a threat but cannot match screen printing capabilities for high volumes and intricate designs.
Competitive rivalry: While a few large players dominate, regional and local screen printers compete on quality, customization and turnaround times.
Geographical Regions
Asia Pacific dominates the industrial screen printing market in terms of value driven by growth in China, India, Japan and other Asian countries. The region accounted for over 40% share of the global market in 2024 due to flourishing end use industries and cheap labor driving screen printing adoption.
North America saw steady growth and is the second largest market currently. Whereas Europe and Latin America are relatively mature markets, the Middle East and Africa region is witnessing the fastest growth and emerging as an important geographical region for industrial screen printing given construction and manufacturing expansion in the area.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.